The Value of Everything: Making and Taking in the Global EconomyPublicAffairs, 11 sep 2018 - 384 pagina's Modern economies reward activities that extract value rather than create it. This must change to ensure a capitalism that works for us all. Shortlisted for the FT & McKinsey Business Book of the Year Award A scathing indictment of our current global financial system, The Value of Everything rigorously scrutinizes the way in which economic value has been accounted and reveals how economic theory has failed to clearly delineate the difference between value creation and value extraction. Mariana Mazzucato argues that the increasingly blurry distinction between the two categories has allowed certain actors in the economy to portray themselves as value creators, while in reality they are just moving around existing value or, even worse, destroying it. The book uses case studies-from Silicon Valley to the financial sector to big pharma-to show how the foggy notions of value create confusion between rents and profits, reward extractors and creators, and distort the measurements of growth and GDP. In the process, innovation suffers and inequality rises. The lesson here is urgent and sobering: to rescue our economy from the next inevitable crisis and to foster long-term economic growth, we will need to rethink capitalism, rethink the role of public policy and the importance of the public sector, and redefine how we measure value in our society. |
Inhoudsopgave
A Brief History of Value | |
The Rise of the Marginalists | |
Measuring the Wealth of Nations | |
A Colossus is Born | |
The Rise of Casino Capitalism | |
Financialization of the Real Economy | |
Extracting Value through the Innovation Economy | |
Undervaluing the Public Sector | |
The Economics of Hope | |
Praise for The Value of Everything | |
Overige edities - Alles bekijken
The Value of Everything: Making and Taking in the Global Economy Mariana Mazzucato Geen voorbeeld beschikbaar - 2018 |
The Value of Everything: Making and Taking in the Global Economy Mariana Mazzucato Geen voorbeeld beschikbaar - 2019 |
Veelvoorkomende woorden en zinsdelen
activities actors argued billion borrowing capital capitalist cent century Chapter commodity companies company’s competition consumption corporate costs countries create value crisis debt drugs earnings economic growth economists example expenditure Facebook financial sector firms fund management Goldman Sachs Google government spending government’s hedge funds households Hyman Minsky Ibid idea increase industry infrastructure innovation investment banks investors Keynes Keynes’s labour labour power less loans marginal utility marginalists market failures Marx Marx’s Mazzucato measure mercantilist monopoly national accounts national income neoclassical network effects output outsourcing patents pension pharmaceutical physiocrats policymakers private sector production boundary profits Public Choice theory Quesnay Quesnay’s regulation rent rent-seeking result rewards Ricardo rise risk role securitizations Smith social society surplus value theory of value trade unproductive value added value creation value extraction value theory wages wealth creators Wealth of Nations workers